Understanding the Goliath Bet Structure

To succeed with Goliath bets, bettors must clearly understand their structure.

Understanding Goliath’s bet structure will help you decide if it fits your betting style.

In our guide, we’ll break down what a Goliath bet is, how it works, and when this type of betting is the best choice for you.

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Goliath Bet Explained

A Goliath bet combines many smaller bets into one big bet. It uses eight different picks and creates many combinations. Goliath is best for people who want to cover many outcomes at once.

Goliath, in betting, has eight picks and 247 bets. The bets don’t include single bets (where you bet on just one pick). Instead, with Goliath bets, you make different groups of 2 or more picks.

28 DoublesEach bet uses two picks
56 TreblesEach bet uses three picks
70 Four-Fold BetsEach bet uses four picks
56 Five-Fold BetsEach bet uses five picks
28 Six-Fold BetsEach bet uses six picks
8 Seven-Fold BetsEach bet uses seven picks
1 Eight-Fold BetThis uses all eight picks
The 247 Goliath bets

A Goliath bet example involves creating all the possible combinations of those eight picks into 247 different bets.

In simple terms, you have eight picks, but instead of betting one pick, you create several smaller bets using different combinations. You bet on every possible combination of two, three, four, five, six, seven, and all eight picks.

With a Goliath bet, even if some of your picks are wrong, you still have a chance to win. However, a Goliath bet can be expensive as it has 247 different bets.

Pros & Cons of Goliath Betting

A Goliath Bet can be rewarding if you enjoy high-risk, high-reward betting and can afford the cost. However, if you prefer simpler or lower-cost bets, this isn’t your best choice.

Pros of Goliath Betting

✅ Goliath bet covers 247 combinations, increasing your chances of winning even if some picks lose. 

✅ With many combinations, the bet offers high potential returns and big payouts if most picks win.

✅ Goliath spreads the risk as you are not relying on just one outcome.

✅ With various possible outcomes, following the results is fun and exciting.

Goliath Betting Cons

❌ Goliath bet has a high cost.

❌ You need many wins to make a profit from the bet.

❌ Goliath bet strategy is complex, and it can be difficult for beginners to track 247 bets at once.

❌ If many of your picks lose, you risk losing a lot of money, as a Goliath bet is expensive.

How To Place a Goliath Bet?

Placing a Goliath bet is simple once you know the steps. Here’s a quick guide:

  1. Choose your eight picks of teams, players, or horses
  2. Navigate to your chosen betting platform, which offers Goliath bets.
  3. Select the event to place the Goliath bet on.
  4. Add each pick to your bet slip.
  5. Decide how much you want to bet per pick and enter your stake.
  6. Confirm and place the Goliath bet.

Some Goliath bet tips will help you make the most out of your bet.

what-is-a-goliath-bet-tips-explained

For example, Goliath Sportsbet options are great for horse racing betting or football when you have eight strong picks and want to cover many outcomes. 

Beginners can try Goliath bets with small stakes to better understand them. More experienced bettors often use Goliath bets for events with good odds to aim for bigger payouts. 

Overall, goliath bet strategy is best for bettors who enjoy high-risk, high-reward betting and want to increase their chances of winning through multiple combinations.

Goliath Bet Calculator

Calculating all your possible winnings from a Goliath in betting can get confusing. A Goliath bet calculator makes the calculation process simple and fast. Instead of doing the math yourself, you can enter your picks, odds, and stakes into the calculator to determine potential returns.

The main benefits of using a Goliath bet calculator are:

✔️ Saving time

✔️ Avoiding accidental mistakes

✔️ Seeing potential returns before investing

Using the Goliath bet calculator is simple, but here are the steps you must follow when using one to make the process even simpler:

  1. Enter your eight picks
  2. Write in the odds for each pick
  3. Type in the amount you want to bet.
  4. View the results and decide for yourself if it’s worth the risk.

Goliath Bet Example: Winning Combinations

Let’s say you place €1 per bet in your Goliath Bet. Since there are 247 bets, your total stake is €247 = €1 x 247. Some examples of what your profit could be:

  • €150 if four picks win
  • €500 if six picks win

The Goliath bet calculator shows how different outcomes change your returns.

Understanding the Stake

When you enter a stake, remember that it covers all 247 bets. 

For example:

  • A €0.50 stake per bet means your total bet is €0.50 x 247 = €123.50.
  • A €2 stake per bet means your total bet is €2 x 247 = €494.

Cost and Profitability of Goliath Betting

When using a Goliath multi bet, you must know how much it costs and when the bet becomes profitable. 

The cost of a Goliath bet depends on the stake per bet.

  • For example, if you place a €1 stake per bet, the total cost is:

247 bets × 1 (stake) = €247

  • To calculate your total cost:

Total cost = Number of bets (247) × Stake per bet

  • For smaller stakes (e.g., €0.10 per bet), the total cost would be:

247 × 0.10 = €24.70

goliath-in-betting-profitability

A Goliath Bet becomes profitable when the winnings from your successful combinations are larger than the total cost of the bet. You need at least two or three winning picks to start getting returns and four or more winning picks to make a profit.

For example, if your total bet cost is €247 and your returns are €300, you make a profit of $53. Meanwhile, if your returns are only €200, you lose €47.

Your unit stake affects the cost of your Goliath Bet. A smaller stake, like €0.10, keeps the total cost low, €24.70. A larger stake, like €5, makes the bet more expensive as the total cost is €1,235. However, a smaller cost also means smaller returns and profits if the results are in your favor. 

Each Way Goliath

An each-way Goliath bet type, also sometimes called a super Goliath bet, increases your chances of winning by covering two outcomes for each pick. The two possible outcomes to get a profit are:

  • Win Bet: The pick needs to win
  • Place Bet: The pick must finish in a top position (like 2nd, 3rd, or 4th place)

The each-way Goliath bet doubles the number of bets, making it more expensive but giving you more chances to win. Instead of 247 bets like the regular one, each-way Goliath bet has 494 bets. 

Thus, to find out the cost of your each-way Goliath bet, you must multiply your stake by 494. For example, a Goliath bet with a stake of €1 will cost €247, but the each-way bet will cost you €494.

Placing an each-way Goliath bet gives you more ways to win. You can get a return even if your picks don’t win but still place. The implication of an each-way Goliath bet you must consider are:

  • Higher cost
  • More chances to win
  • Lower returns for place bets

Should You Try Goliath Betting?

You should try Goliath betting if you enjoy a mix of risk, strategy, and excitement. The bets have 247 combinations, giving experienced gamblers more ways to win. The spread of bets reduces the need to rely on a single outcome, making Goliath Bets attractive for those who know how to mix favorites with riskier picks. 

For those who enjoy strategic betting, Goliath Bets provides an opportunity to combine safe options with long shots. Goliath type of bets require planning and knowledge, meaning the best are most suitable for more experienced bettors looking for a challenge. 

Another big reason to try the Goliath bet is the potential for high returns. If most of your picks win, the payout can be huge, adding to the excitement of watching multiple outcomes play out.

FAQ About Goliath Bet

⭐ What is a Goliath bet?

The goliath bet meaning refers to a type of multiple bet involving eight picks, covering 247 different combinations. These include doubles, trebles, and accumulators, extending up to 8-fold.

⭐ How many bets are in a Goliath bet?

A Goliath bet includes 247 individual bets.

⭐ How do I calculate the cost of a Goliath bet?

Multiply your unit stake by 247. For example, a €1 stake means the bet costs €247.

⭐ What is a Each Way Goliath bet?

An each-way Goliath bet covers two outcomes for each pick. The outcome includes the possibility of winning and placing. An each-way bet also doubles the number of bets to 494.

⭐ Is a Goliath bet worth it?

A Goliath bet is worth it if your winnings exceed the total cost of the bet. To make a profit, you typically need four or more winning picks.

⭐ How do I place a Goliath bet?

To place a Goliath bet, choose eight picks, add them to your bet slip, select the “Goliath Bet” option, enter your stake, and confirm the bet.

⭐ What are the pros of a Goliath bet?

Goliath bets have more chances to win, potential for high returns, and a spread of risk across many combinations.

⭐ What are the cons of a Goliath bet?

Goliath bets are expensive, require many wins to be profitable, and can be complex for beginners.

⭐ Why would an experienced gambler choose a Goliath bet?

Experienced gamblers should choose Goliath bets to combine safe picks with long shots, increasing their chances of a high payout.

⭐ How does a Goliath bet calculator help?

A Goliath bet calculator simplifies calculations, avoids accidental mistakes, and shows potential returns before you place the bet.

⭐ Is a Goliath bet suitable for beginners?

A Goliath bet is more suited for experienced bettors, but beginners can try Goliath bets with small stakes to understand how they work without risking too much at first.

⭐ What’s the difference between a Goliath bet and an Each Way Goliath bet?

A standard Goliath bet has 247 bets, while an each-way Goliath bet has 494 bets because it covers win and place outcomes.

Dalius Mikalauskas

Sports Betting Expert

Dalius became interested in sports betting at the age of 16, although he could not place bets at that time (bets accepted from the age of 18). However, it was not forbidden to sell betting picks, which is what the author did actively on sports betting forums. Today, he has more than 18 years of experience in sports betting. In school, the auth ..
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